COMMENT: “The system is collapsing. It is not because of some derivatives bubble. It is not because of fiat. This is because of the debt gone wild” Sure! And you don’t see the connection with the lack of a gold standard? This would never have happened during a gold standard, without someone having gone out […]

Australia’s new Prime Minister Malcolm Bligh Turnbull was managing director of Goldman Sachs Australia (1997–2001) and a partner with Goldman Sachs and Co. (1998–2001). In May 2002, Turnbull appeared before the Insurance Commission and was questioned on Goldman Sachs’s involvement in the possible privatization of one of the acquisitions of the collapsed insurance company. So while people make up wild […]

The import numbers released from China early this morning was the last thing the commodity based countries wanted to see, especially after having found some decent optimism in recent trading. The Nikkei suffered the most, losing 1.1% on the day, and that carried forward into late U.S. trading where the futures are currently down a further 0.95%. […]

The latest economic news from China shows that, in dollar terms, imports collapsed 20.4% in September from a year earlier to $145.2bn. This is one of the sharpest declines ever, and it is far beyond what was expected. This has had a further impact upon the raw commodity sector and metals. This latest drop in Chinese imports was down […]

  QUESTION: Marty; You mentioned that you met with a board member of the IMF. It certainly seems you are having a much larger impact than you may realize. The IMF is now warning of a crash. Do you think you can help reverse the trend if given the chance? Thank you for caring BG […]

The Belgium government wants to introduce what they are calling the “speculation tax” that will impose a 33% tax on investments liquidated within 6 months. They fail to grasp that this will only send capital elsewhere. Politicians never understand that they are the source of all evil.

QUESTION: What is going through Merkel’s mind with this immigration? Is she just insane? What is happening here in Germany is unbelievable. HS ANSWER:  Angela Merkel is pursuing a policy of open borders. She assumes she will revitalize the German economy to shift from export-dominated to domestic consumption. This is clearly a major radical change in […]

In Europe, despite the positive Asian market with the Shanghai Index exceeding 3% (on the back of weekend government vocal support), we had a lack luster session with no clear direction. The same could really be said for the U.S., but at least there the indices finished in the positive. Oil was probably the most talked about asset of the […]

  Note: Because this was over .5 of a day, we refer to this target as September 30/October 1.

QUESTION: Martin, The ‘Austerity’ argument seems a bit confusing. Surely,  “Austerity” means reducing the size of Government and is an understanding that we can’t keep funding zillions of civil/public servants and on the other is a reduction of the Social Security Bill – healthcare, social benefits, the cost of the un and underemployed etc – both […]